B. Riley Financial, a diversified financial services company, closed a $160 million senior secured term loan provided by funds managed by Oaktree Capital Management. The transaction was completed on Feb. 27, 2025.
The new financing replaces an existing senior secured credit facility agented by Nomura Securities International, reducing B. Riley’s outstanding debt under that facility to approximately $65 million. Proceeds from the Oaktree term loan will be used to fully redeem the company’s 6.375% senior notes due Feb. 28, 2025, with additional funds enhancing liquidity to support B. Riley’s core financial services businesses.
“As we continue to execute our plan to strengthen our balance sheet, this financing represents an important milestone in reducing our overall debt and lowering our cost of capital,” Bryant Riley, chairman and co-CEO of B. Riley Financial, said. “We are thrilled to expand our partnership with Oaktree as we position B. Riley to invest in our core middle-market financial services businesses and deliver long-term value for shareholders.”
